Oil Prices Are Surging

The video discusses the global impact of Vladimir Putin's military campaign in Ukraine, focusing on the effects on oil prices and the economy. Correspondents report from various locations, highlighting the rise in oil prices to levels not seen since 2014, affecting consumers and markets. The lack of substitutes for oil and the strategic importance of Russia as a major exporter are emphasized. The video also explores how these changes impact consumer behavior and the local economy in Houston, America's energy capital.

How does the geopolitical situation with Russia influence gasoline prices in the US?

What factors contribute to the volatility of oil and gas markets as mentioned in the text?